Asos investors seek reassurance over company's ambitious growth plans

Asos will update on whether it remains on track to achieve annual sales of more than £1bn after cracks began to emerge in ambitious growth plans.

Investors will be hoping the online fashion chain escapes issuing a profit warning after the first signs of a hiccup emerged earlier this month in the short two month trading update to February 28.

In fashion? Shareholders fear a profit warning

This showed total group revenues of 26 per cent – below the 32.5 per cent analyst consensus – wiping 20 per cent off the shares.

Asos will post half-year results on Wednesday.

Simon French, an analyst at broker Panmure Gordon, said: ‘The market will look for reassurance that the growth in the UK can return to more traditional levels after a disappointing February and that China remains a viable, scalable growth opportunity.’